Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2020

Commitments and Contingencies Disclosure [Abstract]

Operating Lease, Lease Income [Table Text Block]

For the years ended December 31, 2020 and 2019, quantitative information regarding the Company's operating lease obligations reflected in the accompanying consolidated statements of operations were as follows:

	Year Ended December 31,
	2020		2019
	(dollars in thousands)
Lease cost
Operating lease cost	$	22,759	$	23,540
Short-term lease cost	207		253
Variable lease cost	3,550		3,580
Sublease income	(781)		(953)
Total lease costs	$	25,735	$	26,420

The following table summarizes the supplemental cash flow information and certain other information related to operating leases for the years ended December 31, 2020 and 2019:

	Year Ended December 31,
	2020			2019
	(dollars in thousands)
Other information
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	25,012		$	24,743
Weighted average remaining lease term - operating leases (in years)	4.58			5.34
Weighted average discount rate - operating leases	3.66		%	4.13		%

Future Minimum Annual Lease and Service Payments

As of December 31, 2020, maturities of the outstanding operating lease liabilities for the Company were as follows:

	Equipment Leases (operating)		Real Estate and Other Facility Rental (a) (b)
	(dollars in thousands)
2021	$	283	$	24,520
2022	150		21,805
2023	11		18,287
2024	—		15,017
2025	—		4,553
Thereafter	—		5,963
Total operating leases	444		90,145
Less discount	29		7,781
Less short-term leases	—		44
Total lease liability	$	415	$	82,320

(a)The Company has entered into various agreements to sublease certain of its premises.

(b)During the year ended December 31, 2020, the Company recognized an increase of $1.6 million of operating right-of-use assets and leases liabilities related to for facility leases.

As of December 31, 2020, future minimum annual service payments for the Company were as follows:

	Service Payments
	(dollars in thousands)
2021	$	24,610
2022	15,224
2023	7,943
2024	5,190
2025	3,366
Thereafter	10,594
Total service payment commitments	$	66,927

Other Commitments

The following table summarizes unfunded commitments as of December 31, 2020:

Entity	Unfunded Commitments		Commitment Term
	(dollars in thousands)
HealthCare Royalty Partners funds (a)	$	7,571	4 years
Eclipse Ventures Fund I, L.P.	$	59	4 years
Eclipse Fund II, L.P.	$	100	5 years
Eclipse Continuity Fund I, L.P.	$	58	6 years
Cowen Healthcare Investments II LP	$	1,202	1 year
Cowen Healthcare Investments III LP	$	5,094	6 years
Cowen Sustainable Investments I LP	$	10,639	9 years

(a) The Company is a limited partner of the HealthCare Royalty Partners funds (which are managed by Healthcare Royalty Management) and is a member of HealthCare Royalty Partners General Partners. The Company will make its pro-rata investment in the HealthCare Royalty Partners funds along with the other limited partners.